Banaras Beads buys Varanasi land for expansion with HDFC loan

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Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹105.30

prior close

₹109.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+0.9% vs market

Gems Jewellery And Watches peers, median of 26sector-0.8%+1.0% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.0 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+0.2-0.7+0.9-0.8+1.0

Next day

+20.5-1.0+21.5-1.1+21.5

+19.9-1.4+21.3-2.4+22.3

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+18.3-4.5+22.8-5.5+23.8

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15d

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+25.4-5.6+30.9-6.4+31.7

+20.7-6.6+27.3-7.0+27.7

UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 26Pending

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AI summary

Banaras Beads bought 1,680 square metres of land in Karnadandi, Varanasi, for Rs. 6.77 crore from Varanasi Development Authority through a bid. The land, near the company's existing property, is for expansion and a warehouse. HDFC Bank sanctioned a Rs. 7.56 crore loan for five years at 7.75 percent per year: Rs. 5.29 crore for land and Rs. 2.27 crore for construction. HDFC has disbursed Rs. 5.29 crore. The sale deed is pending.

Likely market impact

Supports expansion but raises debt and spending. The sale deed and construction progress remain pending.